Market Update

Market Overcomes Wholesale Inflation

Elena
17 Aug, 2005
New York City

Higher-than-anticipated inflation, Hewlett-Packard 2Q exceeded expectations, Nordstrom released earnings and revenue growth, Applied Materials reported earnings and sales decline.

Inflation Tightens the Grip on Market

Elena
17 Aug, 2005
New York City

Higher-than-anticipated inflation, Hewlett-Packard 2Q exceeds expectations, Nordstrom releases earnings and revenue growth, Applied Materials reports earnings and sales decline.

Nordstrom, Abercrombie Deliver Strong Earnings

123jump.com Staff
16 Aug, 2005
New York City

Investors react by bidding Nordstrom shares higher and ANF stock lower. The ANF stock dips on inventory concern and lower than expected earnings. Nordstorm revises the annual earnings guidance higher, investors cheer.

Markets Decline by More than 1%

123jump.com Staff
16 Aug, 2005
New York City

Worries of inflation driven by food and energy are finally catching with investors. July higher read on inflation put market in the sell-off mood that began in the morning picked up steam in the final hour. Retailers earnings shine but stocks do not. Wal-Mart falls on cautious outlook, Home Depot raises the annual outlook, J C Penney same store sales and earnings rise, Estee Lauder shares up 10% and Deere down 11%.

Market Fights Inflation

Elena
16 Aug, 2005
New York City

Investors are digesting news on higher-than-anticipated inflation and as a result the U.S. market is trading in the negative territory. Crude-oil hovers over $66 a barrel. Wal-Mart lowers guidance, Home Depot raises outlook.

Lower Openings on Economic Data

Elena
16 Aug, 2005
New York City

U. S. market is trading in the negative territory ahead of economic data coming out today. The Labor Department, The Commerce Department and The Fed. Reserve are due to release reports. Crude-oil hovers over $66 a barrel. Wal-Mart and Home Depot release strong quarterly results.

Stocks Rise After Morning's Weakness

123jump.com Staff
15 Aug, 2005
New York City

Ahead of several economic data on inflation, labor market and housing starts this week, market showed little in interest in bidding share prices higher. The tech sector had few winners including Apple, Agilent, Qualcomm, Texas Instruments and Komag. Lowe's confident outlook for the rest of the year may help housing market in the coming days.

Quiet Day of Trading

Elena
15 Aug, 2005
New York City

Market is trading flat to a lower ahead of economic data coming out Tuesday. Crude-oil is still trading between $66 and $67 a barrel. Retail companies release quarterly reports. Sysco and Lowe

Lower Opening

Elena
15 Aug, 2005
New York City

Market opened lower in contrast to expectations of high opening on government Key inflation figures release due this week. The Labor Department is releasing a consumer and producer price reports this week. Crude futures opened down 49 cents at $66.37 a barrel on eased refinery concerns. Retail companies release quarterly reports.

The Week: Inflation Data and Retail Earnings

123jump.com Staff
14 Aug, 2005
New York City

Several economic indicators including CPI, PPI, housing starts and capacity utilization are to be released by the government this week. On earnings front, Limited Brands, Home Depot, Nordstrom, Abercrombie & Fitch, TJX, Foot Locker are few of the large retailers and Hewlett Packard, Gateway, Brocade, Sonic Solutions are few of the tech companies to release earnings.

Week Ahead: Retailers and Tech Earnings

123jump.com Staff
13 Aug, 2005
New York City

Home Depot, Nordstrom, Abercrombie & Fitch, TJX, Foot Locker are few of the large retailers to report earnings this week. Gateway, Brocade, Sonic Solutions are few of the tech companies on the list.

Oil, Trade Deficit and Lower Averages

123jump.com Staff
12 Aug, 2005
New York City

Trade surplus looks like a distant dream. The month of June saw another record deficit of $58.8 billion largely driven by imports of oil and from China. Japan, Canada, Mexico and EU were other contributors to the deficit.1/3rd of the deficit is driven by oil imports during the month at $44.40 per barrel. On other news oil touched a new intra-day high and at close reached near $67.

Record Oil and Trade Deficit

123jump.com Staff
12 Aug, 2005
New York City

Oil, China, Japan and NAFTA form the bulk of trade deficit in June. The 11% jump in deficit is likely to be higher in the coming months as oil prices keep rising from the average price of $44 per barrel in June. Last trade surplus was recorded in the year 1976.

Averages at Intra-day Low

123jump.com Staff
12 Aug, 2005
New York City

Oil, China, Japan and NAFTA form the bulk of trade deficit in June. The 11% jump in deficit is likely to be higher in the coming months as oil prices keep rising from the average price of $44 per barrel in June. Last trade surplus was recorded in the year 1976.

A New Day, A New Oil High

albena
12 Aug, 2005
New York City

Futures pointed to a lower opening for stocks due to record high oil prices and lower earnings guidance from Dell. Expectations of a widening trade gap also helped drag futures lower on Friday. Information on the trade deficit and data on import and export prices are expected before the start of trading Friday. Shortly after the opening bell, the University of Michigan is due to announce its preliminary index of August consumer sentiment.